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Morgan Stanley CEO: Some regulation is needed

Morgan Stanley chairman CEO James Gorman appeared on CNBC earlier today, and was asked about the prospect of Wall Street deregulation under the Trump Administration:

QuoteNobody wants their handcuffs to be truly off.

Gorman added that while he believes certain Wall Street rules should "be dialed back a little bit," it would be dangerous to return to the era of low regulation that helped allow the financial crisis to emerge.